Elgi Rubber to sell Hyderabad land property for Rs 12 crore
ELGIRUBCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elgi Rubber Company has signed an Agreement of Sale on 20 July 2026 to sell its 1.07-acre land with buildings in Auto Nagar, Bagh Hayathnagar, Hyderabad (Telangana) to unrelated third-party buyer Vega Elite LLP. Total sale consideration is Rs 12 crore, of which Rs 4 crore has been received as advance. The land is classified as non-core assets. The deal is expected to close by 30 September 2026, subject to approvals. Shareholders had already approved this sale through a special resolution via postal ballot on 28 October 2023.
Positive cash inflow of Rs 12 crore from monetising non-core land; unlikely to materially impact operations or earnings.